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<br /> S. Hisard or M'raperty In�urnnce. I3armwer etwtl ke�ep tt�n i��ipr�vame�ts aow�i�tin�ar h:.ruitar e�rec:trd on _
<br /> tYw Praprrty insutt;��rainat loes hy tiro.h�car�k+in�lucJa�!with�n the term 'e�undecl eu��er�Fe" and:ny uther hu�rda,
<br /> including ttoods or floodin�,for which Leauler requir2� insuranca. This insurance shall ba munesin�in the emaunts -.
<br /> and tae tho periaie that Lender requires.1'he in�ur�nce carrier providinE tho insurance shall bo ctwoen by Borrower
<br /> cubjoct tfl Lender's appcovtl which stull nat be unrea9onably witAheld.lf 13orcower fails to muntain covera�o dr.�cribod
<br /> ab�va,l.c.�dcr m�y.at Lendcr's op:ion.obtain cover�Qe to protoct I.00der's rithts in the Property in acc�rduice with _
<br /> Pira�rtPh 7• ,
<br /> tlll iaaurattca policiea and renew�ls ahall be aeceptablo to l.ender tnd shall in:.ltuk a s�tanda*d mortga�e clpuse.
<br /> Latider shall have the right to hold the policies and renewals. If I.ender requir�s, Eorroa,.r shall promptly givo to _
<br /> Lendcr all r�ccipts uf paici prasi�iu;t�s and rr=��al nati�.In tha c��nt oi la�,IIorrower shall give pt�ompt notioe to the
<br /> insurance arrier and Lender.Lender may make pcoof of las9 if not muk promptly by Borraw�r.
<br /> Unlesa I.ender and Bonower otherwise a�ree in writing,insursnce procc�ads ehall ba apptiorl to restoration or cepsir
<br /> of the Propaty dam�rod,if the restor�tion ar repair ia xanomically foasibte and Lender's se:curity is nat lessened.I[the
<br /> restoridon or repair is aat economically feasiblo or Lender's socurity would bo lassonod,the insuranco procoeds sha11 be
<br /> applied to tho sums secured by this Security Instrument,whether or nat then duo,with any exces�paid to Borrower.If
<br /> Borrower abandons�tha Property,or doe9 not answer within 30 drys a natica from Lender that the in4urance cucior hes
<br /> oiierod to settle a clum, tt►ui I.eaides'may wllxt the insurance procoods. L.ender may usa the proceeds to rep�ir or
<br /> restora tho Property or to piy sums aocurai by thia Socwity Iasuument,whothcr or not th�n du�.Tho 30-day poriad a iU
<br /> be�in when the natice is given.
<br /> L'nless L.onder uul Borrower otherwise agroe in ariting,any application of praceeds to principal shall not eYund or
<br /> pcbtpone the due date o4 the monthly payments refemed to in psragraphs 1 and 2 or change the amount oi the paymante.
<br /> If under puagnPh 21 the Property is acquirod by Lender, Borcoaer's right to any insurance policies and proceeds
<br /> resulting from dama�e to thc Property prior to the aoquisition shall pass to Lender to tho extent of the aums socured by
<br /> this Security I�trumcnt immedi�tely prior to the aoquisidon.
<br /> 6.Qccupancy.Preservation,11laintenwce and Frotoctloa ot tLe Propert�;Horrower'a Loaa Application;
<br /> Leaseholdc.Bos.oAer shall occupy.establish,�nd use the Property�Borr+owa's principal c�esicknce within saYtq days
<br />_ after the execution ot this Secunty Instrumen: and shall continue to occupy the Propertr a9 Borroacr's pr�nciPat
<br /> resideace for at least one year after the date of oocupus:y,unles�Lender otherwise agroes in writing,which aonsent shs:E
<br /> not be unreasonably withheld,or unlcss extenuatinr circumstanres exist which are beyond Bomower's vontcv�l.$orroaer
<br /> shalt aot destruy.demage or impair the Property,allow tho Property to deterionte,or commit waste on the Psoperty.
<br /> Bomower sball be in default if any forfeiture action�r prcxooding.Rhether civil or criminal,is begun that in Lender s
<br /> good faith judgment coutd result in torfeiture o!the Property or ot,`urwis�materially impair the lien cceatod by this
<br /> Secwity Instrumeat or I.eac3er's socwity interest.Barnow�s may cure such a default and reinstau, �s provided in
<br /> para�rsph 18, by ausing the action or proceeding to be dismissad with a ruling that, in Lendec's Qood faith
<br /> dot�esmination,precludes forteitu.e of ttu Borrower's inurest in the Property or otha material impairment oi th�lien
<br /> crested by this Socwity Instrument or L,a�der's socwity interest.Barrowa shall also be in default if Borrower.during
<br /> thc loui application p�, Qave matccially ialso or inaccurite antormation or statementa to I.eader (or failed ta
<br /> provide I.ender with uay msteri�l information)in connection with the laan evideaced by the�1ote,includinE. but not
<br /> limitod to,sepresentatioas conarnin� Borrower's occupancy ot the Property as�principal residence.If this Secwity
<br /> Iastrument ir on Y lasehald.Borrowa'shill comply with all the p:ovisions oY the lease.If Borrower�c�quiret+[ee tideto
<br /> the property,the Iasehold uid the fee title stull not ma¢e wiless L.endu:gras to the merga in writiaE.
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<br /> 7.-Protectian of Lender's Ri�hts ia the Yroperty.IT�SOTMWd'Ia11&LO pC1TOTIi1 Lt1C WVGi1aI119 rilti�Y,tacu�oll�O
<br /> contained in this Socurity lnstrument,or there is a 1ega1 procooding that may siYnificantly dfect Leader's righte in the
<br /> Property (such as a proceedin� in buiYruptcy. probate, for coudomnation or forfciture ar to enforce l�ws ar
<br /> r�ularioas).then I,ender may do usd p�y for whauver is neoe�asy to protxt the value of the Praperty Aad l.rnder's
<br /> ri�hts in the Property. I.ender's actions may include paying�ay sums secured by a lien which h�a priciritF over this
<br /> Socvritq Iastruma�t,aPPear'ing in eourt,PiYing reasoaable attorn�Fs'tees and entuiag on the Property to mdce repaics.
<br /> Althoup,h I.eader mty taYe action undar this paragnph 7,Leadar daes not have to do so.
<br /> Aay unnunts disbursed by Lender undor ttris peragra�h 7 ehall become additioail debt of Bornower secw�ed by thi�
<br /> Socurity Instrument.Unless Borrower and Y.ender egroe to other urma of payment,tluse amounts sh�Pi bear inter��st
<br /> from the date of disbursemeat at the Nota rate aad shall be payable.with intw�es�upon notia from I.endor w Borrower
<br /> roquesting p�ymeat.
<br /> 8.Mostpje Iacuraars.If I.eader required mort�e insurance as a condition of making the loaa secured bq this
<br /> � * -- D..--.....--��,,;Z; .,�� :,�y r._.+„+r�1 t��n.�;nt++in the mort¢ige ins;Yance in affoct.If.for ue�
<br /> .70l.'ti[iiji tiLYU"ii+Ta"uii,i.wi„v.....o. �� t�1-^�'-T='Z- y -
<br /> reason, the mortg�ge ias�uaace covaage requir�nd by 1.ender lagsa or ceases to be in effect,Bomower s1�aa11 pay the
<br /> pcemiums roquired to obtsin covaraYe subsuntially equivalent to the mortgage insurance previously in�€fect,at a cost
<br /> substaati�llq oquivdent to the oost to Borrower of the mort�age insw�ance previously in effect. froan ea alternite
<br /> mort�s�e insurer approved by Leada�. If sui�stantislly oquivalent mortpage insuraa�ce covera�e ia not available.
<br /> Borrower stull paq to I.ender esch month a sum equal to oae�welfth of the yeuly mortga�,e inaurance premium being
<br /> ptid by Borrower when the insurana coverage lapsed or ceased to be in eftect.Lender will accept,vse and retain theae
<br /> payments as s lass reserve ia lieu oi mortgage msurance. Loss resente pmymcnts m�y no longer be requind.
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